Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
682,150-7865
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.88%0.00
InvestmentsMortgageServicing

What do LinkedIn, BofA and mortgages have in common?

The "hustle" case brought by the U.S. government against Bank of America (BAC) for mortgages underwritten by Countrywide is a big case, as it's the first time the government has pursued a major bank over loans sold to Fannie Mae and Freddie Mac

But apparently, at least one of the jurors wishes s/he wasn't involved:

The jury for the “hustle” case against Bank of America Corp. was thrust into the spotlight Friday after one member said lawyers for the defense had done research on him via social-media websites, a possible violation of pre-trial rules, writes WSJ’s Shayndi Raice.

The juror claimed lawyers at the firm Bracewell & Giuliani LLP, representing former Countrywide executive Rebecca Mairone, had looked at his profile on LinkedIn.

Judge Jed Rakoff of the U.S. District Court for the Southern District of New York said the lawyers in effect made contact with jurors when a first-year associate at the firm looked at their LinkedIn profiles and the jurors were notified by LinkedIn of who was viewing them.

The jusge later instructed the jury to disregard the contact and mover forward — but the fact that a juror brought this up suggests that the jury may already have issues before the case even has truly begun in earnest.

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please